Press release

Eric Schmidt to become technical advisor to
Alphabet

MOUNTAIN VIEW, Calif. (December 21, 2017) –
Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced
that, as of its next regular board meeting in
January 2018, Eric Schmidt will be transitioning
from his position as Executive Chairman of the
Board of Directors, becoming a technical advisor to
the company while continuing to serve on its board.

“Since 2001, Eric has provided us with business and
engineering expertise and a clear vision about the
future of technology,” said Larry Page, CEO of
Alphabet. “Continuing his 17 years of service to
the company, he’ll now be helping us as a technical
advisor on science and technology issues. I’m
incredibly excited about the progress our companies
are making, and about the strong leaders who are
driving that innovation.”

“Larry, Sergey, Sundar and I all believe that the
time is right in Alphabet’s evolution for this
transition. The Alphabet structure is working well,
and Google and the Other Bets are thriving,” said
Eric Schmidt. “In recent years, I’ve been spending
a lot of my time on science and technology issues,
and philanthropy, and I plan to expand that work.”

“Over 17 years, Eric has been tremendously
effective and tireless in guiding our Board,
particularly as we restructured from Google to
Alphabet. He’ll now be able to bring that same
focus and energy to his other passions, while
continuing to advise Alphabet,” said John Hennessy,
a member of Alphabet’s Board since 2004 and the
lead independent director since 2007.

The company anticipates that the Board will appoint
a non-executive chairman.

About Alphabet Inc.

Larry Page and Sergey Brin founded Google in
September 1998. Since then, the company has grown
to more than 70,000 employees worldwide, with a
wide range of popular products and platforms like
Search, Maps, Ads, Gmail, Android, Chrome, and
YouTube. In October 2015, Alphabet became the
parent holding company of Google. You can read more
about Alphabet’s mission here.